New Delhi: Prime Minister Narendra Modi and Bangladesh PM Sheikh Hasina jointly inaugurated the India-Bangladesh friendship diesel pipeline on Saturday via video conferencing.
This first cross-border energy pipeline between India and Bangladesh has been built at an estimated cost of Rs 377 crore, of which the Bangladesh portion was built at a cost of approximately Rs 285 crore.
The cost has been borne by the Indian government under grant assistance.
This friendship diesel pipeline has the capacity to transport one million metric tonnes per annum (MMTPA) of high-speed diesel. Seven districts in northern Bangladesh will benefit from this pipeline in the initial phase. It will enhance cooperation in energy security between the two countries.
“I am confident that this pipeline will further speed up the development of Bangladesh and be an excellent example of the increasing connectivity between both countries,” PM Modi said.